U.K.-based ITE Acquires Fastener Expos in China

January 25, 2016

ITE Asia has acquired a 70 percent stake in the organiser of the Fastener Expo in Shanghai and Guangzhou.

Fastener Expo Shanghai is an annual event held at the Shanghai World Expo Exhibition & Convention Center.

Fastener Expo Guangzhou, was launched in 2013 and has just held its third edition at the Guangzhou Poly Trade Expo Center.

The acquisition further expands ITE’s business in Asia where it has growing interests, principally in China, India and Indonesia.

The current management team including Mr Yang Jungfeng, will stay with the business.

Commenting on the acquisition, ITE’s Chief Executive Officer, Russell Taylor, said: "We are continuing to build businesses in strategically important market sectors and the acquisition of Fasteners Expo increases our presence in China.”

He added, The fastener industry is a key customer to the surface finishing technology sector which convenes at the SF China exhibition organised by our joint venture partners, Sinostar-ITE. The fasteners industry is also a major supplier to the building sector, where we have significant global coverage. We are looking forward to being able to help expand these events as well as being able to maximise data synergies”.

The next event in the Fastener Expo series will be held in Shanghai June 23-25.

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Partner Voices

Visit Dallas is thrilled to announce the approval of a 2.5 million square-foot convention center with 800,000 square feet of exhibit space and 300,000 square feet of breakout area, including 160,000 square feet of ballroom. “This news is a game changer for Dallas and will put our city on the map as the preeminent large-city convention and meeting destination in the nation,” said Craig Davis, Visit Dallas President & CEO.